Tegna Inc (TGNA)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 4.32 | 4.62 | 4.27 | 4.83 | 3.52 | |
| DSO | days | 84.48 | 78.97 | 85.58 | 75.58 | 103.57 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.32
= 84.48
The days of sales outstanding (DSO) for TEGNA Inc have shown some variability over the past five years. In 2023, the DSO increased to 79.46 days from 74.78 days in 2022, indicating that the company took slightly longer to collect its accounts receivable compared to the previous year. However, the DSO in 2023 was still lower than the levels seen in 2021 and 2019.
Overall, TEGNA Inc's DSO has fluctuated within a relatively narrow range between 70.17 days and 95.46 days over the past five years. A lower DSO generally indicates that the company is collecting its receivables more quickly, which can improve cash flow and liquidity. Conversely, a higher DSO may suggest that the company is facing challenges in collecting payments from customers in a timely manner.
It is important for investors and creditors to monitor the trend in DSO over time to assess the efficiency of TEGNA Inc's accounts receivable management and its ability to convert sales into cash effectively. Additional analysis of the company's industry benchmarks and comparison with its competitors' DSO ratios could provide further insights into its performance in this area.
Peer comparison
Dec 31, 2023